Does Exhibit A contain Chatime's audited financial statements?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
Item 21: Financial Statements
Attached as Exhibit A are our audited financial statements, as of December 31, 2024. We have not been in business for three years or more and cannot include all the financial statements required by the FTC Rule for our last three fiscal years. Our fiscal year end is December 31.
Source: Item 21 — Financial Statements (FDD page 58)
What This Means (2025 FDD)
According to Chatime's 2025 Franchise Disclosure Document, Exhibit A contains the company's audited financial statements. Item 21 explicitly states that the audited financial statements as of December 31, 2024, are attached as Exhibit A.
Chatime has not been in business for three years or more, so the financial statements do not include all the financial statements required by the FTC Rule for the last three fiscal years. The company's fiscal year ends on December 31.
These audited financial statements are crucial for potential franchisees as they provide an overview of Chatime's financial health and stability. Reviewing these statements, along with the accompanying notes, can help a prospective franchisee assess the financial risks and opportunities associated with investing in a Chatime franchise.